Housing in 87123 Albuquerque, NM is quite expensive compared to the US median, with a median value of $294,800. However, the appreciation rate for housing in this area is significantly higher than the national average, with an annual increase of 13.79%. This indicates that 87123 Albuquerque, NM is likely to be a popular area for real estate investment and could potentially be an attractive option for potential homeowners.
The median home cost in Albuquerque (zip 87123) is $294,800. Home appreciation the last 10 years has been 77.7%. Home Appreciation in Albuquerque (zip 87123) is up 17.1%.
Average Age of Homes
- The median age of Albuquerque (zip 87123) real estate is 36 years old
The Rental Market in Albuquerque (zip 87123)
- Renters make up 37.4% of the Albuquerque (zip 87123) population
- 3.4% of houses and apartments in Albuquerque (zip 87123), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.